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275 Butterfly Lane, Santa Barbara, CA 93108
$8.28M4bd · 6ba · 3,883 sqft
Lot 23,087 sqft•Single Family Residence•Active•13d on market•MLS# 00-26995139
275 Butterfly Lane, Santa Barbara, CA 93108
MLS# 00-26995139•Residential•Single Family Residence
Active13 days on market
$8,275,000
4
Beds
6
Baths
3,883
Sq Ft
23,087
Lot Sq Ft
1925
Year Built
Features & Amenities
FeeBuilt 1925
Property Details
Land Type
Fee
Year Built
1925
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Forced Air
Cooling
Central Air, See Remarks
Flooring
Carpet, Tile, Wood
Roof
Metal
City
Santa Barbara
Zip Code
93108
County
Santa Barbara
Mortgage Calculator
Current Rates
$
$
%
Monthly Payment
$41,842.90
Principal & Interest
Loan Amount
$6,620,000
Total Interest
$8,443,445
Total Payment Over 30 Years
$15,063,445
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.
Comparative Market Analysis
Luxury Tier · 4 active · 5 closed
275 Butterfly Lane, Santa Barbara, CA 93108
Santa Barbara · Single Family Residence
$8.28M
Luxury TierBeds
4
Baths
6
Sqft
3,883
Lot
23,087 sqft
Year
1925
$/Sqft
$2131
Pool: No✓
Spa: No✓
Listed 6.4% above the median closed sale of $7,780,000. Price per sqft ($2,131) is a 16% premium to closed comps ($1,831). Closed comps sold at 95% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 131 days on market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Premium
Subject listed at $8.28M· $2,131/sqft
Total list price
Closed comps
vs closed median $7.78M
+$495K (+6.4%)
Active comps
vs active median $7.59M
+$680K (+9.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,751
−$620 (−22.5%)
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 540 El Bosque Road | Santa Barbara | 1913 | 5 | 4 | 0 | 24,018 | $0 | $7.30M | 12 | 71 |
| 195 Sheffield Drive | Montecito | 1991 | 4 | 5 | 4,074 | 37,897 | $1,864 | $7.59M | 34 | 60 |
| 806 Arbolado Road | Santa Barbara | 1980 | 5 | 6 | 6,209 | 18,731 | $1,490 | $9.25M | 2 | 48 |
| 1508 Miramar | Santa Barbara | 1957 | 2 | 4 | 1,550 | 1,742 | $4,900 | $7.59M | 53 | 45 |
| Total: 4 · Average | 4.0 | 4.8 | 3,944.333 | 20,597 | $2,751.333 | $7.93M | 25.25 | |||
| Median | 4,074 | $7.59M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 608 Stone Meadow Lane | Santa Barbara | 1961 | 09/23/2025 | 4 | 4 | 2,868 | 29,185 | $8.25M | $8.10M | $2,824 | 0.98 | 35 | 68 |
| 1077 Summit Road | Santa Barbara | 1947 | 10/06/2025 | 5 | 5 | 4,391 | 43,560 | $7.89M | $7.78M | $1,772 | 0.98 | 102 | 66 |
| 526 Crocker Sperry Drive | Montecito | 1981 | 10/16/2026 | 4 | 6 | 5,041 | 56,628 | $8.50M | $7.62M | $1,511 | 0.90 | 444 | 47 |
| 771 Via Manana | Montecito | 1984 | 09/12/2025 | 5 | 6 | 4,788 | 43,560 | $8.99M | $8.11M | $1,693 | 0.90 | 58 | 47 |
| 2030 Creekside Road | Santa Barbara | 2002 | 08/28/2025 | 4 | 6 | 5,315 | 73,181 | $7.39M | $7.20M | $1,355 | 0.97 | 15 | 42 |
| Total: 5 · Average | 4.4 | 5.4 | 4,480.6 | 49,222.8 | $7.76M | $7.76M | $1,831 | — | 130.8 | ||||
| Median | 4,788 | $7.78M | $7.78M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
AI-generated CMA
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.